Gold Holds Decline as Energy-Led Inflation Weighs on Rate Path
Gold held a decline, as elevated oil prices fueled inflation concerns and clouded the Federal Reserve’s path for interest-rate hikes.
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3 matching records found
Gold held a decline, as elevated oil prices fueled inflation concerns and clouded the Federal Reserve’s path for interest-rate hikes.
Nearly 500,000 barrels a day of oil-refining capacity sit in the projected path of Hurricane Isaias, raising the risk that a US fuel market with no supplies to spare will lose critical output.
Expensive gas has done little to spur demand for the dirtier power-plant fuel.
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